Ryp/P/S/I]y2022 Question Booklet No.

SET Subject-ECOIMOiVlICS 90S00523T

Paper II (Optional)

Subject-Code-8
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S/8/2022/A
 AK

51. ^ t, 51. When income is Giffen paradox

t I emerges.

(A) ^ffci^arm ^ (A) Less than the substitution effect

(B) "sif^rFaTm ^ (B) Equal to the substitution effect

(C) H=hKlrJH4> sfk "^rfcT^sim ^ (C) Negative and is greater than the
3qfe
substitution effect

(D) ^ 37fe (D) Greater to the substitution effect

52. -q^ -qq ^h1hH STFR 52. Marginal Revenue of a monopoly firm is
^ "t, cwTRi : less than the price, because :
(A) "W ^ f (A) Demand curve has a negative slope
(B) TTFT ^ tJHkHch it^ t (B) Demand curve has a positive slope
(C) "Q:^nf?q^ ^t (C) Monopolist is in equilibrium
(b) ^^ t (D) Monopolist incurs losses

53. 13;^ "qr^f ^ a:TiTjTT 3^ ^ 53. The total revenue (R) and total cost (C)
era (C) "qra t: functions of a firm are given by :
R = 30Q-Q^ R = 30Q-Q2
C = 20+4Q C = 20+ 4Q '
^Q iIM :3?qra where Q is the output. Find the
^TRT chlf^i^ :
equilibrium output of the firm :
(A) 14 (B) 16 (A) 14 (B) 16
(C) 13 (D) 20 (C) 13 (D) 20

(3)S/8/2022/A 1
P.T.O.
 54. The first ftmdamental theorem of welfare

^ t : economics requires :

(A) 'icMI'^chl 3fR •3H»ll'=Wl3fi ^ =t)lHa ^ (A) Producers and consumers to be

price takers

(B) That the economy operates at the

(B) 5fT2f5q^^ ^^
same point below the utility
-qr ^T^iPtrid ^ t I
possibility curve
(C) ^^ %q; 13;^" ^F5TR
(C) That there be an inefficient market
^ I for every commodity
(D) ^^ (D) None of the above

55. ^rsiR ^ tfj^ ■^" 55. In the Paul Sweezy model of Oligopoly
"TO ^ [qqir^a q^iiui in the kinked demand curve, the point of
f : kinked represents :

(A) ^'i^nai (A) Quantity rigidity

(B) sHEmr- (B) Price rigidity

(C) BT^ SRETtiT (C) Both the price and quantity rigidity

(D) 3Trq (D) Income rigidity

56. ^ "qf ^ ■^* "3^ li^MtJl 56. The tendency for low quality cars to
°fiT^ ^ ^ drive high quality cars out of the used
^RT ■ciin-i ^ h-^Ri "5^ car market is an example of :
t :
(A) Hedging
(A) lf%q ^
(B) Adverse selection
(B) yRidjel WT qq
(C) Moral hazard
(C) ^
(D) Strategic behaviour
(D) Wffe o^c(^\i ^
(3)S/8/2022/A
 57. ^ "q;^ t 57. A prisoners's dilemma is a game with all

^ ^"l^cbi rHHRriRsId [^:^l^dlit t*: of the following characteristics except

one :
(A) Raoii-sl 37^ wftMr "qr h£x]^ :^f
(A) Players co-operate in arriving at
^t
their strategy
(B) ■^' Rsidife-^T "q;^ wftfcr (B) Both players have a dominant
t strategy

(C) Ratni-sl t^s# "4* "qf^ (C) Both players would be better off if
neither choose their dominant
strategy

(D) The pay-off from a strategy depends

(D) wftf% qq ^ 1WT^ OT
upon the choice made by the other
qRdT t player

58. qtqfd sIr -qlqfcf 3im ^ 58. The difference between the value of

qtq 3fcR "3^ "qqq BtcTT "I" : marginal product and marginal revenue
product arises only :
(A) 3^ a^m ^#7fd srm ^ qqq^
(A) Average revenue is not equal to
dql qldl ^
marginal revenue
(B) 3TO ^ qqqr
(B) Average cost is not equal to
t
marginal cost
(C) 3WT qT™ ^ q<N< q^*
(C) Total revenue is not equal to total
i\m t
cost

(D) sfef qro arm ^ qqqr

(D) Average cost is not equal to average
q^' ^ i revenue

(3)S/8/2022/A
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59. PHMPdRsld ^ ^ ^ 59. Which of the following is a problem of

t ? insurance markets ?

(A) yPd=h^d (A) Adverse selection

(B) ^Pl=ti (B) Moral selection

(C) awfto -dUcbKl (C) Asymmetric information

(D) <iM^Jdd (D) All of the above

60. -^rf^ TTFT P = 35-2x-x2 f sfk 60. If the demand function is

P = 35 - 2,y - AT- and the demand atq is 3

-m xq = 3 t P = 20 -1, fit
and price is 20, calculate consumer
^ ^ "TOTT chlPdL^ I
surplus;
(A) 30
(A) 30 units

(B) 20 ^+1^4 (B) 20 units

(C) 27%^^ (C) 27 units

(D) 25 (D) 25 units

61. "PP^T ^ ^apr t? 61. Which of the following statements is

'"fe OT ^:iHia (CRR) correct ? When Reserve Bank of India

reduces Cash Reserve Ratio (CRR):

(A) tRtnai -si^ai
(A) It does not affect liquidity position
(B) l^srftT ^
(B) It is affecting to size of population
t
(C) It increases the liquidity position
(C) ^ ^RcTT t
(D) ^ ^ ^ ^RdT t (D) It decreases the liquidity position
{3)S/8/2022/A
 62. "TO V ^ Tjupn 62. In India RBI measures money supply in
SRI Rifer SRT WRIT Rg^RR ^ RTSSFI the form of monetary and liquidty
R t 1 PlHRrlRsid aggregate. Which of following
M3 R RfTRf^ # ? componnts are included in the M3 ?
(i) RFT ^alRig (i) Demand Deposits

(ii) M.^ R^ R 37fR^ RIRfR "RRTCT (ii) Term Deposits over one )'ear
maturity
(iii) "fRrftR R?^RR sft ^Hlef^dPlcb
(iii) Public Deposits of NBFC
RRig
(iv) Certificate of deposits issued by
(iv) R^' SRI "MrcT RRT RRFRR
Banks
^ ••
Codes :
(A) (i) am (iii) R?R f
(A) (i) and (iii) are correct
(B) (iii) ^ (iv) R^ t (B) (iii) and (iv) are correct
(C) (i), (iii) am (iv) f (C) (i), (iii) and (iv) are correct
(D) (i), (ii) am (iv) R?R f (D) (i), (ii) and (iv) are correct

63. LM RRT RS aiRm PHHRrifed "^* 63. The shape of LM curve is dependent on
m anRifcr ^ t ? which of the following ?
(A) gsi aTigj^ Rft RTRT (A) The amount of money supply
(B) ditrldl RR^RRf RRI (B) The liquidity preference curve
(C) (A) (B) (C) Both (A) and (B)
(D) 'm (D) Consumption Demand

64. RTRT iRfmiW gJTRT (K) RRT RRcT 64. What will be the value of Keynes
r!rRI (MPS) RRT investment multiplier (K) and marginal
BTRT, RRi% RRT RRR^R RTRFr propensity to save (MPS) when
(C) = 100 + 0.80Y ? consumption function(C)= 100 +0.80Y ?
(A) 5. am 0.20 (B) 5 am 0.80
(A) 5 and 0.20 (B) 5 and 0.80
(C) 0.20 afR 5 (D) 0.80 afR 5
(C) 0.20 and 5 (D) 0.80 and 5
(3)S/8/2022/A ' £ P.T.O.
 65. PHHRir^d ^ 65. Match the following economists with
corresponding demand for money
"TO 4)eld '^' IneiM :
function:
M
P=
(I) (i) (I) Robertson p M
Ko (i)
^0

M
(II) 13;.^. ^ (ii) P =
M (II) AC Pigou (ii) P =
KT KT

KR
KR
(III) J. M. Keynes (iii) P =
M
(III) V^. (iii) P =
M
K+.£K|
(IV) Alfred (iv) P =
n
K +2K,
(IV) TTT^ (iv) P =flZ^
n Marshall

(A) I-(ii), U-(iii), lll-(iv), IV-(i) (A) I-(ii), Il-(iii), Ill-(iv), IV-(i)

(B) i-(iv), n-(iii), in-(i), iv-(ii) (B) I-(iv), Il-(iii), Ill-(i), IV-(ii)

(C) i-(iii), ii-(ii), in-(iv), iv-(i) (C) I-(iii), Il-(ii), Ill-(iv), iv-(i)

<D) i-(ii), ii-(iii), m-(i), iv-(iv) (D) I-(ii), Il-(iii), Ill-(i), iv-(iv)

66. wwra ■fesfcl sfer 66. The average propensity to consume in

/

the classical theory of employment will

be ;
(A) ^
(A) More than one
(B) ^
(B) Less than one

(C) ^ (C) Equal to one

(D) ^ (D) None of the above

(3)S/8/2022/A
 67. In case when real GDP and nominal

GDP are equal, what will be the value of

^ ^ 13^ ^t^TF ? GDP deflator ?

(A) -q;^ (A) One

(B) -Q^ ^ -q^ ^ ^ atfro (B) Less than one but more than zero

(C) ^ (C) Zero

(D) "sq^ ^ ^ -q^* (D) None of the above

68. -% aM PHc^N ^ 3?3?tr, 68. According to Duesenbery's relative

^ ^^ "qr, "^q^ -qj^ ^ income hypothesis, with the increase in

Biqr MRc^Rd ^ t I mRuiih^^m -^q^ income, the consumption function curve

shifts above, which results in average
^ sfRrci ycjRj ;
propensity to consume to :
(A) ■^" q^t
(A) Fall
(B) "^f ^ ^
(B) Rise
(C) ?qqf ^ (C) Become unity
(D) "Rsr ^ (D) Remain constant

69. "gsr ^ Tflq ^ 69. The speculative demand* for money will

«1MK ^ ^TTW ^ "^Rft : be zero, under the condition when market

rate of interest is :
(A) "=i;idH (a<criai qft "q?n ^*)
(A) Lowest (in case of liquidity trap)
(B) ^ ^ ^ ^
(B) Less than market rate of interest
(C) ^qRrq^ ^ ^ arfe (C) More than the critical rate

(D) "^FIR qft ^ srfs^qr qr^ (D) More than market rate of interest

stiiPflch qr ^ qiq but, less than critical rate

(3)S/8/2022/A P.T.O.
70. ^ "4" 70. Keynesian principle of multiplier does
cTnj^ ^klT "§ ? not operate in the following :
(A) STo^rfefel ^ (A) Underdeveloped countries
(B) Pcl^nHd % (B) Developed countries
(C) <iM^idd (C) Both of the above

(D) ^^ (D) None of the above

71. ^ ^ N ^ 100 sfk 71. If N of a binomial distribution is 100 and

WW ^ 0.5 probability of success is 0.5, its standard

(q-qcii PtJO'ii ? deviation will be :

(A) 25 (B) 20 (A) 25 (B) 20

(C) 10 (D) 5 (C) 10 (D) 5

72. ^ A B ^ 1TTS2T Tfpr^ 72. Given the mean and standard deviation

fq-qci'i i^ ■'7T : of A and B series :

Xa=15.0 Xb=20.0 Xa=15.0 Xb=20.0

5 CTb=4 CTa=5 aB=4
Which of the two series is more
consistent ?
(A) A ^
(A) A series
(B) B
(B) B series
(C) W f (C) Both are equally consistent
(D) ^ ^ (0) Can't say

73. p^Y > 1 eft p^YX ^ ^ ' 73. If pj^Y ^ U Pyx *

(A) 1 ^ ^ (A) Less than 1

(Bj 1 ^ STfe (B) Greater than 1

(C) 1 ®RRT (C) Equal to 1

(D) 0 ^ (D) Equal to 0

(3)S/8/2022/A 8
 74. "HM 4i1h^I 74. Which is the best average for preparing
t ? index numbers ?

(A) ipte TTTSq (GM) (A) Geometric Mean (GM)

(B) tTT?2T (GM) (B) Arithmetic Mean (AM)
(C) TlrffeT^ (C) Median

(D) (D) Mode

75. 3iqQiir=ha ^ 37rf1%^ 75. If observed and expected frequencies

■Q^-^ ^ imi ^ completely coincide, the value of Chi-

(x^) ^ ^ ^ ? square (x^) will be :

(A) I (B) 1 ^ ^|(^i (A) 1 (B) Greater than 1

(C) 1 ^ ^ (D) 0 (C) Less than 1 (D) 0

76. ^ ^ tthzt ydlM^WH "TO 76. If unexplained variation derived through

f^-^<"i 0.36 i\, ^ regression for two variables is 0.36, what
^ ^ ? will be the coefficient of correlation ?

(A) 0.64 (B) 0.04 (A) 0.64 (B) 0.04

(C) 0.80 (D) 0.16 (C) 0.80 (D) 0.16

77. ■^TTTTI ^ 37TO^ 20 3ftT 77. Given the population size equal to 20. If
simple random sampling with
(SRSWR) ^ 4 31TTO ^ replacement (SRSWR) is used to prepare
(■^^) ^ ^ samples of size 4, what is the possible
^ fl f ? number of samples ?

(A) 2,00,000 (B) 1,60,000 (A) 2,00,000 (B) 1,60,000

(C) 40,000 (D) 8,000 (C) 40,000 (D) 8,000

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P.T.O.
•A'-T.

78. WtWH ife (U) 78. What justifies the inclusion of Stochastic
error (U) in a regression model ?
"hMw 1^ ^rmr t ?
(A) Correct specification of the model
(A) ^ #TT (B) Exact measurement of the variables

(B) ^ fTPT (C) Mathematical relationship between

variables
(C) "^' TTfrmk #TT
(D) Omission of variables from the
(D) hT^ci ^^ ^Jiiii model

79. 1^ 2SLS ILS ^ 79. Under what condition 2SLS method is

^t ? identical to ILS ?

(A) ^Hl=b<ui (A) Exactly identified equation

(B) ^ (B) Under identified equation

(C) ^ (C) Over identified equation

(D)^ "^* (D) Never

SO. ^ Y,= 16.64+ 0.72X,1^* Y,= 80. If Y, = 16.64 + 0.72X, where Y, =

X= ^t I tonnes/year and X ~ one year. If the

^ T7lt^"'RN ^ 3=TTO "^Tfr^fe ^ equation is converted for getting monthly

values, which of the following is correct
T7T #n ?
equation ?
.(A) 16.64 + 0.6X
(A) 16.64 + 0.6X
■ (B) 1.39 + 0.06X
(B) 1.39 + 0.06X
(C) 16.64 + 0.06X
(C) 16.64 + 0.06X
(D) 1.45 + 0.72X
(D) 1.45 + 0.72X

(3)S/8/2022/A 10
 81. Pi^RiRaa 81. Which of the following alternatives
represents the commutative law of union
^ ^ t ? and intersection of two sets ?

(A)XuY = YuX^?TTXnY (A) X.u Y = Y u X and X n Y

= YnX = YnX
(B) XuY = XnYcT2TTXnY "(B) X u Y = X n Y and X n Y
= Yn X = Yn X
(C) XuY = YnX^anXnY (C) X u Y = Y n X and X n Y
= Xu Y = Xl; Y
■ (D)XwY?tYuX^mXnY
(0)XuY^Y\jX and XnY
9^Xu Y
^XuY

82. jt ^ \ogx ^ 82. The second derivative of log.v with

^hrr : respect to x will be :

(A) - (B) -4" X

(A) -
X
(B)

(C) ^ (D) 0 (C) —

1
(D) 0
X

83. iftrnfrpT ^ ^ 83. In a graphical method of linear

programming solution if the iso-cost line
coincides with a side of basic feasible
region, then that solution will be ;

(A) srfBdhr '3i3,cticndH (A) Unique optimum solution

CB) -5^ 375^^ ^ (B) Unbounded optimums solution

(C) No feasibile solution

(C) ^ B^
(D) Infinite optimum solution
(D) 3TO ^^q^cndH B^

(3)S/8/2022/A 11
P.T.O.
84. ylyiPH'! ^^ 84. A basic feasible solution in a linear
programming is a point which :
^t ^ :
(A) must satisfy all the structural
(A) ^*<^HkM<^ "RfcR^il: ^ "Q^ ■^TT?^ constraints simultaneously

(B) must not satisfy all the structural

constraints simultaneously

(C) must be a comer point of feasibile

region
(C) "Hwr ^ ^ ^Hhr W| ^■
(D) must not be a comer point of
(D) ^*WT ^ ^ 1^ ^ feasible region

85. PtMPdndd -^f ^ 1^ ^ awK 85. In which of the following areas

difference equation is used ?

^ wiW t ?

(A) ST^Tdci^ WT (A) Discrete time analysis

iB) WT (B) Continuous time analysis

(C) PdJ^elNui (C) Digital analysis

■(D) (A) ak (B) (D) Both (A) and (B)

86. Total cost function of a firm is :

86. "q^ ^ eTO t :
TC = 300 + 3Q2
TC = 300 + 3Q2
OT ^ am dcMKd P = 120
and the firm sells output at fixed price

TR t I ^ 3Tf^=hdHl4i<iJl P = 120. What will be profit maximizing

^ ^cMl<^d ^ ^ ? output of the firm ?

(A) 50/3 (B) 20 (A) 50/3 (B) ■ 20

(C) 25/4 (D) 15 (C) 25/4 ■ (D) 15

(3)S/8/2022/A 12
87. PiH 87. Which of the following functions is ml
■=1^ t ? linearly homogeneous ?
(A) Q =100K°'^'l''-" (A) Q =100K''"l°-"
(B) Q = 20K°L"'' (B) Q = 20K''L"''
(C) Q = K^+2KL + L^ (0) Q = K^+2KL + L^

(D) Q = 7k^ + 2KL + L^ (D) Q = + 2KL +

88. 'feat 'jjoito ^ tf^T sfe' ^Bim; (itHchi 88. Find three numbers of a geometric series,
■'iW 14 t cr^^I ippiwr 64 t : whose sum is 14 and product is 64 :
(A) 2, 3, 9 - (A) 2, 3, 9
00
(B) 2, 4, 8 (B) 2,4,8
(C) X 5, 8 (C) 1,5,8
>
(D) 4, 8. 16 (D) 4, 8, 16
II

"1 2" "-1 2' "l 2 -1 2

89. ^ A = , B= cT^T B= and
_3 4 _2 -1_ _3 4]' 2 -1

C= lit ABC ^ici ; C= , then find matrix ABC :

(A) [9 17] (A) [9 17]

9 9
(B) 17 (B) 17

3 0 3 0"
(C) 5 2 (C) 5 2

3' '3'
(D) 7 (D) 7

(3)S/8/2022/A 13 P.T.O.
90. ^ Tjuif^ 90. If technological-coefficient matrix of an
"0.8 0.2* "0.8 0.2"
A= economy is A = , then is
0.9 0.7 0.9 0.7

"OT^ o4ci^l4 t ? this system viable ?

(A) ?T, |I - A|> 0 t (A) Yes, because |I - A| > 0
(B) ^^|I-A|= 0't (B) No, because |I - A| = 0
(C) |I - A| < 0 t (C) No, because |I - A| < 0
(D) ^11 cT^TT ^722 ^ (D) Yes, because the values of ajj and
^^t ^722 ^re less than 1

91. SFtRfG^ WIR ^^ 91. Offer curve was first used in the theory
^sm TPftn a?T : of International Trade by :
(A) iTRfe (A) Marshall \
(B) T3^8f ^ (B) Edgeworth

(C) (A) 37k (B) (C) Both (A) and (B)

(D) ^ (D) Ricardo

92. 1951 k* 37^^Rk^ '■^^m ^ ^trilR7chl 92. Who tested the classical theory of
1tort ^ "qkw ferr ^tt ? International Trade in 1951 ?

(A) (B) H44^J|crl (A) Leontief (B) MacDougall

(C) ^ (D) ^ (C) Kenen (D) Stern

93. 37^ 3litTT oqm k TT^ ^5^ 93. Intra industry international trade is a
k* W7R im\ t ; trade within an industry in :
(A) ^37f k (A) Homogeneous Goods

(B) tkk^kf^ ^3k k (B). Differentiated Goods

(C) kHT (A) 3?k (B) (C) Both (A) and (B)

(D) k k ^ (D) None of the above

{3)S/8/2022/A 14
94. *J ^ t: 94. The 'J curve effect' is related to :

(A) (A) Devaluation

(B) snfe ^^HHdisif ^ (B) Economic Inequalities

(C) 3T^#WW ^ (C) Absorption

(D) <iM^4d (D) All of the above

95. 37lfe (EEC) ^ tJ: Ttp 95. The six original EEC member countries

^ "gHT "STTW "nf MwT started an exchange rate system known

^t : as :

(A)^ ■SPTT# (A) Crawling Peg System

(B) (B) Clean Float System

(C) TKt Iot "STTOt (C) Dirty Float System

(D) ^ OT^ (D) Snake in the Tunnel System

96. ^ MPS = 0.3 tt^* MPM = 0.2 t," eft 96. If MPS = 0.3 and MPM = 0.2, then the

value of Foreign Trade Multiplier (ly)

(Ky) ^ ^:
IS:

(A) 1 (B) 3 (A) 1 (B) 3

(C) 2 (D)'4 (C) 2 (D) 4

97. Formula for Income Terms of Trade is :

97. BiTO ^ 3M ^ ^t :
P.-Q. P.Q.
(A) (B) (A) (B) f-
■m

P./. P./. Px fx
(C) (D) (C) (D)
Pm'fm ^m Jm

(3)S/8/2022/A 15 P.T.O.
98. ^rm\i wiW (^) 98. Eighth member of South Asean
Association for Regional Cooperation
^ 3713^ wq f :
(SAARC) is ;
(A) (B) MlRb-klH (A) Bhutan (B> Pakistan
(C) (D) 3TWTTf7R^ (C) Sri Lanka (D) Afghanistan

99. teRT ^ MPdMKH : 99. The Purchasing Power Parity Theory was
developed by :
(A) (B) ^
(A) D. Ricardo (B) Marshall
(C) (D) ^ ^ (C) G. Cassel (D) J. Viner

100. rHMRrir^d Uf^IWT ^ 3^: 100. Which of the following is the type of
t ? dumping ?

(A) (B) "^sTPft (A) Sporadic (B) Persistent

(C) ^ (D) ^ (C) Predatory (D) All of these

Tjpn ^ "r^* Suppose goods are classified into the.following

^ 3fT5RK fro ^ 1McI^ "R R'il'Jia four cases, according to their characteristics of
■f^ RRT t : consumption and excludability :
Consumption Exclusion
Feasible Not Feasible

1 2 Rival 1 2

^-Rf^ 3 4 Non-rival 3 4

<iqjdd 3<l^<u| ^ 3TT^^R RT PiMP<rlP<2ld R^* On the basis of above example, answer the
following questions (101-102) :
(101-102) ^ ^ :
101. Which case represents that good is
101. 1^ ■^' ^ ^ f ?
private good ?
(A) 1 (B) 2
. (A) 1 (B).2
(C) 3 (D) 4
(C) 3 (D) 4

(3)S/8/2022/A 16
 102. ^ ferfcT 102. In which case market failure occurs due
STOW f■ ? to non-rival consumption ?
(A) 1 (B) 2 (A) 1 (B) 2
(C) 3 (D) 4 (C) 3 (D) 4

103. Pi^-ifoiRgfl 'k' ■gfhrar tj37 ^ ■tosir 103. Which one of the following is an
^ f ? example of overt collusion ?
(A) nT-strf (A) Coumot model
(B) ^ Tffe^ (B) Price leadership model
(C) (C) Centralised cartel
(D) ^ ^ (D) None of the above

104. ^ ^ oqq ^ 104. Who advanced the law of rising public

"yRimRd 1^ ? expenditure ?
(A) t^8T (A) Adam Smith
(B) Tt, %pk (B) A. Wagner
(C) T^. "Ht. (C) A. C. Pigou
(D) (D) Edgeworth

105. «i4^Picti "^^nT 1^ pjt^yi TTfEZTq 105. Public debt is an important investment
t : medium :

(A) dlPuiI^ch ^ (A) For Commercial Banks

(B) ^ (B) For Insurance Companies
(C) (A) (B) (C) Both (A) and (B)
(D) ^ ^ (D) None of the above

(3)S/8/2022/A 17
P.T.O.
- t •
J.'JT.

106. ^ ^ TT^* ^ 106. If public expendiliirc and taxes are

>3iidl "i" 372if^ AG = AT. ^ increased by the same amount i.e.

AG = AT.- then the level of National

37T^ ^ ■KK :

Income will :
(A) -srqfWw
(A) Remain unchanged
(B)
(B) Increase
(C)
(C) Decrease

(D) "4" (D) None of the above

107. PhhR^RsJcI n i^ chM^I TT^ Xcj^^llfeid 107. Which one of the following is nol an

TRcfiTWT ^i<iicni5^< % ? automatic fiscal stabilizer ?

(A) Unemployment compensation

(A) ^<NOIO ^
allowance
(B) dKrdliJlchkl x^tT
(B) Welfare benefits
(C) ^PcWdd STTXraTT
(C) Personal Income Tax

(D) dM^dd ^ ^ (D) None of the above

108. ^ T3:d^- ^ ttitt i^u[diji cdNdK "?! 108. If demand for a commodity is perfectly
cT^ "^X "diX cfTT qix Ptj-Hi TRT elastic, then the incidence of a

: commodity tax will be borne :

(A) (A) Fully by sellers

(B) ^3ff OT (B) Fully by buyers

(C) ^sif TT^* f^^axf OT (C) By both sellers and buyers

(D) dH^cW ^ ^ -JI^' (D) None of the above

(3)S/8/2022/A 18
 109. -37^ ^ WrRT f: 109. Good Tax Structure includes :

(A) fffFFT ■yiPkl'MT ^

(A) Provision of adequate revenue yield
(B) ^ ^ ^HI^HlRlctl f^cR^ ^ (B) Provision of equitable distribution

of tax burden

(C) q^ (A) t (C) Only (A) is true

(D) (A) -afR (B) (D) Both (A) and (B)

110. PiHRrir^d ^ . 110. Consider the following diagram :

;•

*le
X

-»-V
0 ^ 3TT>4R 37ra -> A"
0 lax Daso Iiicdnic
.^£JR 37RI 37R ^
In above diagram, the relationship
^ ^ ^ ^ pp between tax base income and tax rate is
^ Tpn t I ^ denoted by straight line PP. In this case,
the tax system will be ;

(A)
(A) Proportional tax

(B) 571^ ^ (B) Progressive tax

(C) yfd'llHl ^ (C) Regressive tax

(D) <SH^dd ^ ^ Rff (D) None of the above

(3)S/8/2022/A 19
P.T.O.
. 111. 'llfa ^ "^TM 'j,"lK^cb 111. Qualitative tool of monetary policy of
<iMchXu| t: controlling credits includes :

(A) ^ ^ nRc^cfn (A) Changing Repo Rate

(B) ^RR ^ %^TTR (B) Open Market Operations
(C) ^.37R.^. (CRR) (C) Changing CRR

(D) Ww ^ ^ (D) Changes in the minimum margin

^ for lending by bhnk against the
WcRt stock of specific securities

112. v^. .-g^ ^ ^^ 112. A is primary meant to promote

^TR snfer f^«R^ ^ ^ financial and economic stability of a
^ ^t I country.

(A) ohihiR*^ (A) Commercial Bank

(B) "fe (B) Central Bank

(C) 3TTf."qH.1375r. (C) IMF

(D) (D) World Bank

113. ^THI^Rlf ^qi '^' ^RT ^R?fi ^ 113. If a depositor deposits money in the bank
Rut Rtunl ^ Rt)<^1 ^ RTRT which can be withdrawn in a part or in
-qr gyf ^ 1tort ."^ -full at any time he likes without notice
t^ w "R^ ^ ^ ^ ^ it is possible under. type of
t I deposits.

(A) ^RRT "^jRT (A) Time Deposits

(B) "^jRT (B) Saving Banks Deposits
(C) RFT ^ (C) Demand Deposits
(D) (D) All of the above
(3)S/8/2022/A 20
 114. ^ -^f %7 114. Which of the statement below is true ?
(A) M3 ^ aTPjf^ TM (A) M3 is the most liquid money supply
f I measure

(B) M2 ^ -g^ 3TT# -m (B) M2 is the most liquid money supply

Js

f I measure

(C) Ml -g^ sTigf^ -m (C) Ml is the most liquid money supply

t I measure

(D) ^t (D) All of the above statements are true

115. ^ CRR 20 yPdi^ld t cR gq^ 115. When the CRR is 20 per cent then what
W ^RTT ? will be the deposit multiplier ?
(A) 2 (B) 3 (A) 2 (B) 3
(C) 4 (D) 5 (C) 4 (D) 5

116. ^ ^RSTTa^f ^ 116. What distinguishes a bank from other

31^ (am^) t ? financial institutions ?

(A) ^ fWirTR ^ ^• (A) Accepting time deposits as a

courtesy

(B) "HFT ^Wg ^1cM< (B) Accepting demand deposits

(C) ^ (C) Lending
(D) "^iyi afR "3^ <^1chK (D) Accepting loans and boiTowing

117. MPq TTsg^ t ^ ^ ^ 117 are financial intermediaries

that pool the resources of many small
■gf^gW' ^ STBT investors by selling them shares and
^ f I using the proceeds to buy securities.
(A)
(A) Derivatives
(B) ^
(B) Insurance
(C) i^ar^
(C) Mutual Funds
(D)
(D) Provident Funds
(3)S/8/2022/A 21 P.T.O.
118. ^^ ^^ ^ 118. Which of the statement gives an accurate
picture of the effect of the increase in the
■Hdlch cTt^^ y'^d ch<dl "t" ? repo rate ?

(A) X?T ."^sa ^ 3TT^ (A) The money supply in the country
will decrease
(B) ^ M ^ 3TFjj^ (B) The money supply in the country
will increase
(C) ^ "B "gsT ^ ■^'
(C) The money supply in the country
fR
will increase initially and then
decrease
(D) ^ 1^* "3^ ^ 3TT^ R ^ TITO
(D) There is no effect on the money
supply in the countr>'

119. ^ TOR 'Sm ^ 3lk 3^-IR ^ ^ 119. Capital market deals in lending and

^)TR ch<dl % : borrowing of:

(A) Short term credit

(A) 3R^ TOT
(B) Medium term credit
(B) Rm toTr tot
(C) Long term credit
(C) <>-I=hidlH TOT
(D) Both medium term credit and long
(D) RSRR sfk ^hfrofh TOT term credit

120. TOT TOTR srk -t^ TO 1963 120. First step in the field of mutual fund
industry with the setup of. in
WTPTT ^ RTST
1963 by Government of India and
RT^ "311^17 ^ ■^' TOP TOR RT I
Reserve Bank.

(A) UTI (B) GIG (A) UTI (B) Gie

(C) Lie (D) IDBI (C) Lie (D) IDBI

(3)S/8/2022/A 22
121. "foT^TTB 0,^1 % f^RT^ 121. "Economic development is a process
ST^oq^TSlT ^ whereby economy's real national income
3TT^ n <1i4^l(^ T\ ^ f i" increases over a long period of time."
"qftTOT ^ ^ : This definition is given by :
(A) ± ^ m (A) Prof. Lewis
(B) i[. ?pte OT (B) Prof. Schumpetor
(C) "WT <Mi<r-sfq'i (C) Meier and Baldwin

(D) "gRI (D) Mrs. Hicks

122. wm STT^TTfer t : 122. Thes-theory of Big Push is based on :

(A) -qr (A) External economies

(B) <hmR=^i ajT^di "qr (B) Internal economies

(C) 31^™' "q^ (C) External diseconomies

(D) 3TRte 37^^' -qr (D) Internal diseconomies

123. 3nfe7 -ferm "qfMw ^ 123. According to classical theory of

37^7TR : economic growth :

(A) ^mR feFRI ^ ^ t (A) Foreign trade is an engine of growth

(B) Techniques is an engine of growth
(B) d=hHlc+i PcidilJH ^^ t
(C) Capital accumulation is an engine
(C) %Tt ^^ f
of growth
(D) 3q^dd (D) All of the above •

124. "qro ^ 3T^ fq^ t: 124. According to Marx's profit depends on :

(A) ^ . (A) Rate of Exploitation
(B) ^ ^ qr (B) Capital Structure
(C) (A) 3lk (B) (C) Both (A) and (B)
(D) HdMciriH TR (D) Innovation

(3)S/8/2022/A 23 P-T.O.
 'm» Mil

125. fern t : 125. According to Schumpcter. economic

development is a :
(A) hI^^i
(A) Continuous process
(B) 3OT^ yPsh-Mi
(B) Discontinuous process
(C)
(C) Static process
(D) ^^fcT^-MI^Rlch (D) Static-dynamic process

126. ^ 1#^ > G„ ■^, eft 126. In Harrod Model if G,,, > G„, then
economy will be in :

(A) tH^Id ® (A) Inflation

(B) ^HqFTMRr ^ilaelMdl (B) Secular Stagnation

(C) xNtefRr (C) Secular Inflation

(D) ■^* (D) None of the above

127. C^"HH AN/N > AK/K ^ ^ 127. When AN/N > AK/K in Robinson model,
$l'i( : then there will be :

(A) 'iiWlR (A) Full employment

(B) (B) Unemployment

(C) (C) Inflation

(D) <iH^=W (D) All of the above

128. ^ 'J,"1<=1T1I ^-qchiqi ^ ipSf 128. Value of PQLI (Physical Quality of Life
Pi^ ^ 1^2^^ TWcTT f" : Index) lies between :

(A) 0 ^ 10 (B) 0 ^ 1 (A) 0 to 10 (B) 0 to 1

(C) 0^ ICQ (D) 0^ 1000 (C) 0 to 100 (D) 0 to 1000

(3)S/8/2022/A 24
 129. sTfRpmr ^ ^ 129. Inequality in the distribution of income
"^RuTT i" : can be described by :
(A) -m ^ (A) Ogive curve
(B) e#5f ^ ^ (B) Lorenz curve

(C) ^^ (C) Laffer curve

(D) ^ (D) Ok.un curve

130. 2022-23 ■4' 130. From the following the ''Big Tent" word
■^>7 TP^TT fHHfcrlRsid 17 ^ "fepp was uijad in Economic Survey 2022-23
^ feiT 77^ ? for :

(A) TimTf^ aw^Wn ark -il-Ji'iK (A) Social infrastructure • and

employment
(B) TTRlf^T^ chtrHi'M <U|41[^
(B) Social welfare strategy
(C) ^ "20^
(C) Health action plan for all
(D) aRPTfer ^ ^ ^ (D) Include labourers of unorganised
sector in social welfare net

131. TFIW ^ I^fT TTRmrafF 131. Consider the following assumptions

"77 tq-ciK Wlf^tJ : regarding compensation criterion :
(i) TTv^ 3F^ (i) Each individuaTs satisfaction is
f I independent from others
(ii) "377177 3^ W 7'71^ (ii) There are no external effects in
7^" t I production and consumption
-77 ^777 Tf^tfer ; Choose the currect o'ption :
(A) (i) TT^* (ii) ^ f (A) Both (i) and (ii) are correct
(B) (i) (ii) Wt 7^- t (B) Both (i) and (ii) are incorrect ■
(C) q^ (i) Wt t I (C) Only (i) is con*ect

(D) (ii) TT^'t I (D) Only (ii) is correct

(3)S/8/2022/A 25
P.T.O.
132. "^Tlfn ^ 132. Consider the following facts regarding

"qr feR ^ftf^ : common property resources :

(i) 3Tf^7^J2RT :^ srrfei ^ ^t?T (i) Assertion : They can also be called

^ ^H^tiai "i" I as an economic good.

(ii) ^JRTJT : ■HHT'Rili ^ W WlPMccI (ii) Reason : Common ownership of

iiuicjTll -4'
resources has resulted in improving
aw t I
the quality of resources.

PclchcrM "qn WT : Choose the correct option :

(A) (i) (ii) ^ f (A) Both (i) and (ii) are true

(B) (i) tt^* (ii) iMcT f (B) Both (i) and (ii) are false

(C) (i) ■?!# t (C) Only (i) is true

(D) (ii) t (D) Only (ii) is true

133. ^ -qprat f : 133. Coase first theorem assumes ;

(A) That there are transaction costs

(A) ■ ei.Mia tnP+Hpnu ^
involved

(B) #TT t
(B) That there is no government

(C) "Rf^ ^8^^ ^ WIT aife ^ interference

(C) That the number of contracting

t
parties is large
(D) "^RiM ^ ^ (D) That the cost of negotiation is very

large

:{3)S/8/2022/A 26
 jr*'i'
rM*.-"
AK

134. fefR chlP^iJ ; 134. Consider the following statements :

(i) ^•% T^uf -af^T^iit (i) In case of public good, the economy
will not reach a point of Pareto
optimality in a perfectly competitive
maiket.
(ii) tii4>JiPich "^Twr 11
(ii) Public goods create externality.
■?T^ PcJchrM Wf ^ftfbfq; :
Choose the coirect option ;
(A) (i) (ii) ^ t
(A) Both (i) and (ii) are correct
(B) (i) (ii) t" (B) Both (i) and (ii) are incorrect
(C) (i) ^ t (C) Only (i) is correct
(D) (ii) ^ t (D) Only (ii) is correct

135. Pi*^RiRsJd ^ "^fterr aTTqRlFi^ ijtr^fchH 135. Which of the following is a part of
^ W t ? contingent value method ?
(A) ej|J|d6lH Wn (A) Costless choice method
(B) ^ oTO (B) Travel cost method
(C) "^WT^ M^T (C) Hedonic price method
(D) PiciKcb (D) Preventive expenditure method

136. qd%id 136. Consider the following statements

"q^ ctilpi]^ : regarding net present value criterion ;
(i) "SH Wik 'qfFiNRT ^(r^l'chH (i) When it is used for a project
"il feiT f ^ "RfMvRT ^ appraisal, the acceptability of
"^T^) ^ project is based purely on economic
3TTf^ "qr^l^^ efficiency.
^<dl ^ I
(ii) It does not address the issue of
(ii) fqa^^i ^ "OTFTT "q^ ?=qF
income distribution.
^ I
Choose the correct option ;
RdicrM ^ :
(A) Only (i) is correct
(A) (i) f
(B) Only (ii) is correct
(B) (ii) ^ t
(C) (i) (ii) Tirq t (C) Both (i) and (ii) are correct
(D) (i) TJ^ (ii) # (D) Both (i) and (ii) are incorrect

(3)S/8/2022/A 27 P.T.O.
137. PHHrdHsid : 137. Consider the following :

(i) : 8TOH T?:^' (i) Assertion : Thomson and Lewis

y^dd ST^nf^ "^sF^

regard the General Fertility Rate as
a better measure than the Crude
"Riq TRH^ f I
Birth Rale.
(ii) "SRTTW 1 : -HinM y^HH ^
(ii) Reason 1 : General Fertility Rate
■^* "S^Rf T?:^' "Rflw ^ ^
eliminates the intluence of
3WC ^ "3^ ^ ^ difference between males and
tI females in total population.
(iii) cbKUi 2 : ^HIHM "JT^m 15-49 (iii) Reason 2 : General Fertility Rate
-3TT^ TTfF^STf ^ 37^qTcT ^ eliminates the difierence in

31^ ^ -HTTRT ^ %ft t I proportion of women is 15-49 age

group :
FqcftorM ^ WP] :
Choose the correct option :
(A) (i), (ii) T^ (iii) ^ t
(A) All (i), (ii) and (iii) are correct
(B) (i), (ii) (iii) t
(B) All (i), (ii) and (iii) are incorrect
(C) (i) (ii) t
(C) Only (i) and (ii) are correct
(D) (i) (iii) ^ f (D) Only (i) and (iii) are coirect

138. 37T^ fMw "R^spTT ^ ^ ■^' 138. Consider the following statements about
fq^K ctilPjiy. : age specific fertility rate :
(i) WTT ^ 371^ ^PJF ^ (i) While computing it, the age group
10 ^ 3RFM "feFTT "I 1 of 10 years interval is taken.
(ii) ^ ^ WR ^ ^ Wn ^ (ii) It is the basis of calculating the total
^ 3TT^ t- fertility rale.
Wt fqchtrs qilPny. : • Choose the correct option :
(A) (i) t (A) Only (i) is correct
(B) (ii) t (B) Only (ii) is correct
(C) (i) (ii) ^ f (C) Both (i) and (ii) are correct
(D) (i)' "^* (ii) '^* t (D) Both (i) and (ii) are incon-ect

(9>S/8/2p22/A 28
139. "sfto dlPd^bl "q^ 139. Consider the following facts regarding
ctilPiiy. : life table :

(i) "q?" q.ch <HHM "q •^i'^d ^1cjd yrdRII (i) It is the basis for measuring average
qrt TTm ^ t I life expectancy in a society.
(ii) HMdl "qr 37TqTi^ t % (ii) It is based on assumption that death
vm ^ -qferf^ ^ t i rate changes over time
Wt fq<^crH ^ "^PH ctilf^iJ : Choose the correct option :
(A) (i) ^ t (A) Only (i) is correct
(B) chqci (ii) ^ (B) Only (ii) is correct
(C) (i) -q^' (ii) t' (C) Both (i) and (ii) are correct
(D) (i) -q^* (ii) T[^ t (D) Both (i) and (ii) are incorrect

140.'Wm ^ tfer 140. The Fei-Ranis Model of rural urban

HMdi "i" : migration assumes :
(i) qrf^ ^ q^* sMfw ^ (i) There is dual economy consisting of
3T8foq^^ f I active agricultural and industrial
(ii) ^ sjfiT^ B^qi^' sector.

^ "^q^ 1 I (ii) Workers in both sectors consume

(iii) ^ yPRHsqT OT ^ ^iq^ ^ only agricultural products.

^idl "t" ^51 qft qftqirf ■scimdidi (iii) If population increases above the
qjfq ^lal "I "d) ^ ateHqqr point "where marginal productivity
^ "4' ^m'dRd ^ qr^niT f of labour becomes zero, labour can
be shifted to the industrial sector
qRuiiHW^q ^ ^cMKd
with resulting loss in agricultural
q^qt sTpfl t I
output.
■^^1 "fqqi^ qq ^qqq edlRiq :
Choose the correct option :
(A) (i) TTq (ii) f
(A) Only (i) and (ii) are correct
(B) (ii) qr^ t
(B) Only (ii) is correct
(C) (iii) qr^ t
(C) Only (iii) is correct
(D) ^q^ (i) %
(D)^ Only (i) is correct
(3i;S/8/20i22/A . 29 P.T.O.
141. PURA R t 141. In PURA model, R word represents

(A) WIT (B) TTRWt (A) Rupee (B) Rural

(C) (D) 3TfeR (C) Reserve (D) Right

142. 1950-51 ^^ 142. In 1950-51 the share of public sector in

c^IhciI "'IT '^* "^TNT 511 : GDP at current prices was accounted :

(A) 10.5% (B) 8.5% (A) 10.5% (B) 8.5%

(C) 7.5% (D) 5.5% (C) 7.5% (D) 5.5%

143. ^ fSlTW •^* ^ Tff I 143. SEBI was established in the year :

(A) 1983 (A) 1983

(B) 1988 (B) 1988

(C) 1990 (C) 1990

(D) 1993 (D) 1993

144. fm ^ 3TrqhT ^ 144. How much weight assigned by the

Fifteenth Finance Commission of India

^ feRT ^ "Pro -TFIT ? to the demographic performance criterion

in the horizontal devolution criteria ?
(A) 12.5%
(A) 12.5%
(B) 10.0%
(B) 10.0%

(C) 2.5% (C) 2.5%

(D) 45% (D) 45%

(3)S/8/2022/A 30
 145. ^^(1993-94) 145. During Liberalisation (1993-94), Reserve
^ A' ^ IJTjf Bank of India made rupee full
MRqcfi^jilci ciiNI iFTT ?
convertible in which account ?
(A) TMcIT
(A) Capital account
(B) ^2im MtTT (B) Trade account
(C) -fe (C) World Bank Account
(D) STTf.-qTT.TT^. (D) IMF Account

146. 4rt!r OT tttt ^ Tfrg^' 146. The 'Model of Development' of NITI

^ t: Aayog aims at :
(i) ^icf^Rich Richie
(i) All round development
(ii) t^chlH
(ii) All pervasive development
(iii) ■^4^Hl<^!;|cb fern
(iii) All inclusive development
(iv) f^qOT
(iv) Holistic development
^ ^ ^44l4 "p; Select correct answer using the codes
<JTi< ^ rizpT ^ftfp :
given below :

Codes :
(A) (i)
(A) Only (i)
(B) (i) alk (ii)
(B) Only (i) and (ii)
(C) (ii) alk (iii) (C) only (ii) and (iii)
(D) (i), (ii), (iii) sfk (iv) (D) (i), (ii), (iii) and (iv)
ft

147. (^ 1991 ■^) «jRcfl^ 147. In the post liberalisation period (1991), '
^ ^ t : the growth in Indian Economy is :
(A) ^ ^ (A) Agricultural sector led growth
(B) ^
(B) Industrial sector led growth
(C) ^ ^ (C) Service sector led growth
(D)r -tlqi (D) Social service sector led growth
(3)S/8/2022/A 31
>. P.T.O.
 148. 'H5Kn* "^TPrfW f : 148. Maliaratnas are those companies which
have :
(i) ^^
(i) Net profit more than Rs. 5,000
5,000 ■?. 3Tfe ^
crores evey year for the last three
(ii) ■^' years

(iii) f^TW 15,000 (ii) They are listed in National Stock

Market
^ i\ I
(iii) Net worth is more than Rs. 15,000
"cj-Hd ct)1[^i^ ; crores.

(A) ^ci<n (i) Choose the correct option :

(A) Only(i)
(B) =hqei (iii)
(B) Only (iii)
(C) chqei (ii)
(C) Only (ii)
(D) (i), (ii) (iii) (D) (i), (ii) and (iii)

149. ^<1^J|k1 -f^ -RTO t: 149. Urban unemployment is of the following

type in India :
(A) "Q;^* hkhhI ^^ChiFTT^ (A) Disguised and seasonal
unemployment
(B) sMfw . (B) Industrial and educated
unemployment
(C) ai^ Mm (C) Disguised and educated
unemployment

(D) 1^T%T "q^' hi'WhI (D) Educated and seasonal

unemployment V

150. 2021 ^ "^Rwrr ■^' A

150. According to census 2021 which of the
Pi^-iRnRaa"— ^ following Union Territories has the
teFTT^^ "^T^ffer t ? highest sex ratio in India ?
(A) ^ afk (A) Daman and Din
(B) (B) Lakshadweep
(C) ^ (C) Puducherry
(D) -qu-sl'its (D) Chandigarh

{3)S/8/2022/A 32
 chi4 '%

(SPACE FOR ROUGH WORK)

S/8/2022/A

X*
 (SPACE FOR ROUGH WORK)

S/8/2022/A